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News about Nestle
Nestle exceeds hopes, sales at $98.8 blnNestle, the world’s largest food group, said it had posted 107.6 billion Swiss Francs ($98.8 billion) in sales last year, beating growth expectations for 2009, DPA reported. Growth pace, however, was slower than in recent Novartis plan to take over eye care Alcon draws ire in US Switzerland’s second-largest drug maker Novartis intends to gain full ownership of a related Swiss-Texas firm, Alcon, by first completing an April 2008 agreement with Nestlé to acquire a 77% majority stake in a global leader Novartis to control eye care giant Swiss pharmaceutical group Novartis has bought a controlling stake in the world's largest eye care firm Alcon from Nestle for $ 28.1 billion (19.7 billion Euro), Swiss info reported on 4 January. The purchase of Nestle swallows a slice of North American pizza Swiss food and beverage giant Nestle has agreed to buy Kraft Foods’ frozen pizza business in the United States and Canada for $3.7 billion (3.8 billion Swiss Francs), Swiss info reported on 5 January. The deal Nestle receives security pledges from Zimbabwe Zimbabwe has asked Swiss-based Nestle to resume operations in the country, after the food multinational shut down its factory, citing harassment, Swiss info reported on 26 December. The state-controlled Herald newspaper reported that the government South Africa, Switzerland reach visa agreement South Africa has reached a visa waiver agreement with Switzerland, International Relations and Co-operation Deputy Minister Ebrahim Ebrahim said on 7 December, it was reported. The agreement strengthens the existing bilateral relations between the two countries, Kraft weighs higher Cadbury bid Kraft Foods may raise its offer for British chocolate company Cadbury or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on November 23, RTE Ireland Nestlé quits Mugabe farm amid boycott threat GLOBAL food giant Nestlé has said that it will stop buying milk from a farm owned by the wife of Zimbabwes president Robert Mugabe. The Swiss-based company had faced worldwide boycott threats. Nestlé said in a statement Salary caps may force Nestle out Nestle‘s chairman has said the group could pull out of Switzerland if a proposal to cap top salaries is approved, Swiss info reported on September 13. It will be the beginning of the end, Peter Expo.Uz 2009 opens in Tashkent The Ministry of Foreign Economic Relations, Investments and Trade of Uzbekistan recently organised the exhibition of national products and services Expo.uz 2009 in Tashkent, reads a press release. About 400 companies are participating in the Double taxation deal inked with Lichtenstein Luxembourg and Liechtenstein announced on August 26 they signed a double taxation agreement in line with the transparency standards demanded by a group of developed nations. It was the first such transparent treaty that Liechtenstein, Nestle to invest heavily in South-east Asia this year The world’s largest food company, Nestle SA, said on June 13 it would invest 260 million Swiss Francs in South-east Asia this year to expand its business and manufacturing facilities in the region, DPA reported. Nespresso´s coffee capsules plant welcomed Swiss food giant Nestle has opened a second Nespresso factory in canton Vaud to meet fast-growing global demand for its pioneering coffee capsules, Swiss info reported.The 300 million Swiss Francs (275 million USD) state-of-the-art plant Nespresso continues local expansion The coffee chain subsidiary of Nestle, Nespresso, recently unveiled its plans to continue growing in Spain, after revealing new investment plans for the country. The unit said it would invest 10 million Euro this year Supermarket discount chains ready for price war  The arrival of a second German discount supermarket chain this year should finally signal the end of inflated prices for Swiss consumers, according to a retail expert, Swiss info reported. Swiss supermarkets are slashing prices Zardari faults on promises, terrorism crisis brews on  Will relations between India and Pakistan deteriorate again in the wake of Mumbai mayhem, just like when Pak militants attacked Indian Parliament in December 2001? President Asif Ali Zardari of Pakistan holds the key to First sustainable palm oil shipment beset by controversy The arrival in Rotterdam of the first shipload of palm oil certified as “sustainable” was celebrated on November 11, despite the release of a report by the environmentalist group Greenpeace that claimed the producer had Nestle sells Alcon eye care share to Novartis  The battle to gain market share in the eye care industry has shifted after Nestle reported it plans to sell a 25 percent stake in its eye care products company Alcon to Novartis, Switzerland’s second Nestle answers the prayers of chocoholics everywhere  Nestle SA, the world’s largest food and beverage company, has announced that it will establish a research centre dedicated to the development of premium and luxury chocolate in Western Switzerland, company officials said.The new Chocolate How sweet it is, Nestle takes off in Ukraine Swiss Food giant Nestle increased sales in Ukraine 17 percent to 2.29 billion hryvni (300.75 million Euro) in 2007, the company’s press service said. Nestle increased sales of coffee and beverages 22 percent to 673 |
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